According to the shareholder meeting voting results released by Hong Kong game development company “Boya Interactive”, the proposed $100 million cryptocurrency investment plan has officially been approved by shareholders, with a total of 91% of votes in favor of the proposal.
According to a previous report by Zombit, “Boya Interactive” proposed a cryptocurrency investment plan and held a shareholder meeting for voting. According to the proposed plan, the company will invest $45 million in Bitcoin and Ethereum respectively within one year after the proposal is passed. It will also allocate $10 million to purchase stablecoins USDT and USDC, using platforms including but not limited to Hong Kong exchange HashKey Exchange. The company stated that the cost of purchasing cryptocurrencies will be provided by the idle cash reserves generated by the group’s Hong Kong and overseas business operations.
It is worth mentioning that this is not the first time Boya Interactive has sought board approval to purchase cryptocurrencies. As early as August of this year, the company allocated a budget of $5 million for purchasing cryptocurrencies (BTC, ETH) with the approval of the board, but the scale of funds this time is much larger compared to before.
